Month: June 2017

Tanjung Field Oil Production Targets Up Significantly

Published / by jiukuaiy

Application of Enhanced Oil Recovery (EOR) in Tanjung field by Pertamina EP is expected to increase production up to four times.
“After the pilot EOR project in Tanjung Field has been completed which is around 12 months, later launched a new project as a whole, is expected in the next few years oil production can be increased three to four times,” said Deputy Minister of Energy and Mineral Resources, Susilo Siswoutomo hope, Monday (07/29/2013).
To support the EOR program, Pertamina EP will make 48 to 50 injection wells and production wells 134. “We expect production to reach 18,000 barrels per day in 2016,” said Vice Minister.
Susilo added that this applied EOR process will not interfere with the environment because that is injected is not a hazardous material. “The adverse effects on the environment, does not exist because it is injected salt, soda and surfactants made IPB. The whole must meet environmental criteria, so no one will be channeled into the trenches, “said Susilo.
Regarding the success rate of the EOR project, Susilo said, depending on the indication shown from the results of wells that have been injected, the current has been injected for eight months. The result, based on three monitoring wells of 300 meters which dinjekskan showed an increase in production.
EOR technology is one of the advanced oil depletion method for optimizing the production of an oil and gas field. EOR is a key national oil production, but the high cost is an obstacle in the application of EOR application.
Tanjung Field EOR project contract was signed in 1989 followed by a pilot project in 1990 and began full operation in 1995.
At the time of the injected fresh water into the well of 100,000 barrels of water per day, and produce oil in the range of 10,000 barrels of oil per day. Currently EOR with chemical injection was implemented Pertamina EP’s especially Tanjung Field by injecting in one of the wells as a pilot project.

PT Intiland Record 70 Percent Increase in Net Income

Published / by jiukuaiy

Intiland Development (Intiland) recorded an increase in its net profit by 74.85 percent to Rp140, 48 billion compared to the previous acquisition valued at Rp80, 18 billion. The increase also followed the company’s operating profit also increased by 76.17 percent to Rp250, 62 billion compared to the previous.

Director of Investments and Capital Management Intiland Pradono Archied Noto explained, the increase was primarily due to the soaring profitability of the company’s total operating revenues. Value of revenues increased in all business segments, both derived from real estate development, mixed-use and high rise, industrial, and hospitality.

“The first six months of this year, the property market is prospective and the trend is likely to increase people’s needs. This phenomenon is also reflected in revenue growth Intiland, either from development or re-curring income income, “he said in a written statement on Sunday (07/28/2013).

Based on financial statements as of June of 2013, the company posted revenue of 764.89 billion, up 44.12 percent compared to the first half of 2012. Increased revenues are primarily derived from the sale of residential and industrial areas.

“The increase in sales due to the recognition of revenue from the segment of residential areas, especially from Graha Natura project at Talaga Bestari in Surabaya and Tangerang, as well as sales of Ngoro Industrial Park II,” said Archied

Further, revenue from development (development income) stood still the largest contributor to the company’s valued at Rp687, 78 billion, or 89.92 percent of the total operating revenues Intiland. The number surged Rp224, 11 billion, up 48.33 percent compared to the first half of last year.

Real estate development segment was the largest contributor by contributing sales of Rp324, 91 billion or 42.47 percent reach. That number has increased by 30.16 percent compared Rp249, 62 billion in the first six months of last year.
The next largest contributor by Archied, derived from the industrial park development segment with sales valued at Rp185, 46 billion or 24.24 percent of the total revenue.

Compared to the first half of last year’s acquisition amounted to Rp46, 06 billion this year then its value soared up to four times. Development of mixed-use and high rise recorded contributed Rp177, 41 billion or 23.19 percent.

Meanwhile, for a sustainable income, Intiland recorded at Rp77, 10 billion, or 10.08 percent of total company revenue. This number is up 14.98 percent compared to the first half of last year. Revenues from the office segment reached Rp45, 51 billion or contributed 5.94 percent, followed by contribution of sport and golf is reached Rp21, 75 billion (2.84 percent), as well as the hospitality segment Rp9, 85 billion (1, 28 percent).

Sinar Mas Profit Drops 39.8 Percent

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Net income PT. Sinar Mas Agro Resources and Technology Tbk. (SMART) tumbled 39.8 percent during the first half of this year, or Rp 795.42 billion from Rp 1.11 trillion.

Based on the company’s disclosure to the Indonesia Stock Exchange, Thursday, August 1, 2013, which can diatrirbusikan profit to equity holders of the parent decreased due to the company’s net sales were eroded to Rp 11.18 trillion. That figure is down 21.49 percent compared to the same period of the previous year of Rp 13.58 trillion.

While the cost of goods sold and agribusiness plantation companies had dropped to Rp 9.3 trillion from Rp 10.33 trillion. Operating expenses also dropped from Rp 1.62 trillion to Rp 881.12 billion. Thus, the company’s operating profit reached Rp 996.97 billion.

Earnings per share also fell by 110 points to Rp 277 per share from Rp 387 per share. SMART currently has total assets worth a total of Rp 15.04 trillion, with the composition of current assets amounting to Rp 5.24 trillion and non-current assets of Rp 9.8 trillion.

Weakening performance was also felt by the palm oil company PT Astra Agro Lestari Tbk. (Aali). Aali recorded a decline in profit for the period during the first half of 2013 to Rp 745.64 billion from Rp 996.36 billion in the first half of 2012.

Of the company’s financial llaporan be published in the Indonesia Stock Exchange, July 29, 2013, Aali net income is lower than the second half of last year’s Rp 5.64 trillion to Rp 5.49 trillion. The company’s revenue eroded by the increased cost of revenue increased to Rp 4.03 trillion from Rp 3.84 trillion. This makes the company’s gross profit fell to Rp 1.45 trillion.

Rendang business Meisya Siregar selling well When Ramadan

Published / by jiukuaiy

Siregar Meisya artist is now busy with his business in the culinary field. Currently this ramadan, Meisya claimed more rendangnya business turnover skyrocket.

“Thank God already want to order a lot widths. Rendang Natulang name,” said Meisya when met at the House of Trans TV, South Jakarta, Tuesday (07/30/2013).

Bebi Romeo’s wife said, for his business, he entrusted the affairs of cooking to his own family members. Different order, he also gives the level or the level of spiciness to taste.

“The aunt I cook. So all people can eat, I love pedesnya level,” he said.

Meisya also explains, he also markets Minangnya typical food business via online advertising.

“If I was the target of an online Indonesian. Malaysia, Netherlands, Bangkok, my friends abroad who can take it if another play to Indonesia,” he said.

Analyst: Foreign Funds Back in Second Half

Published / by jiukuaiy

Jakarta (Reuters) – The flow of foreign funds is expected to re-enter the domestic capital markets following a rise in interest rates by Bank Indonesia or BI rate to 6.5 percent, said a stock market analyst.
“Indonesia is the only country to raise interest rates amid slowing economic conditions the world is. Thing that will encourage the flow of foreign capital back to the Indonesian capital market in the second half,” said analyst Hamid Agustini Recapital Securities in Jakarta on Wednesday .
He added that funding opportunities foreign investors back to Indonesia’s capital market is quite large due to the current interest rates in the U.S. only by 0.25 percent.
“The purpose central bank to raise interest rates to attract foreign investors to remain invested their funds in Indonesia,” he said.
Moreover, he added, if the U.S. economic stimulus program was decided to be extended by the Fed that foreign funds will be returned to the country and rose to the level of 5,000 points.
Agustini adding he was optimistic BEI index still can reach levels above 5,000 points, sustained by the strengthening of the shares in the sectors of infrastructure, building construction, in particular sub-sectors of basic industries of cement, consumer, banking and finance.
Head of Research at PT Universal Broker Indonesia, Satrio Utomo said in the last four trading days, foreign investors began to re-enter the Indonesian capital market, although not yet significant. That’s because that sentiment is more external than domestic role.
“Moreover, later this evening, the Fed will provide testimony, expected to be seen from the direction of Fed policy for the second half of 2013, a positive for the market,” he said.
Satrio suggest in the next few days investors can collect banking sector stocks, consumer and construction sub-sectors. Investment strategy is accumulated when the stock price is declining